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How has PSD2 affected the market, and will PSD3 be the answer to major problems in the industry? The evolution of PSD2 should certainly be on the minds of those in the finance industry. In a recent su...
In recent times, large language models (LLMs) have revolutionized the field of natural language processing, demonstrating impressive capabilities in understanding and generating human-like text. Howev...
As the usage of physical cash diminishes and digital consumption skyrockets, traditional banks are undergoing a seismic shift to adapt to changing customer preferences. Digital transformation is resha...
According to the Small Business Administration, small companies generate 1.5 million jobs per year and account for 64% of new jobs in America. Small businesses also comprise 44% of U.S. economic activ...
The credit data landscape has undergone huge shifts over the past few decades. As longtime veterans who have navigated this complex, ever-evolving industry for over 30 years, we have witnessed these c...
Constructing your payment gateway offers various benefits and certain challenges. Before you embark on this endeavor, it's crucial to comprehend how developing a payment gateway from scratch can posit...
In Belgium, the traditional savings account remains highly popular, boasting a total deposit of over 300 billion EUR. With approximately 11.5 million inhabitants, this averages to about 25,000 EUR per...
Leading tech companies embed their competitive edge in digital products, setting the stage for success from the start. However, traditional financial firms face a challenge here, especially when adopt...
The world of credit data is changing rapidly. In 2024, the rules of the game are evolving. Understanding these changes is crucial for optimising risk assessment, compliance, and customer management. R...
In a recent op-ed entitled Credit Ratings Need To Get Personal in the Economic Times, the authors compare corporate credit rating and consumer credit rating and make the case for enriching consumer cr...
What are we discussing here? In this piece, we will delve into a method that empowers banks with deeper insights into their existing operations, facilitating a structured approach to discerning primar...
Almost every financial institution invests a lot of effort and money into improving customer experience (CX) in the banking service they provide. This is the main way to ensure a competitive advantage...